PYMNTS

SEPTEMBER 11, 2017

Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails. Research from NACHA found accounts receivable professionals expect cards to account for 12.5 Research from NACHA found accounts receivable professionals expect cards to account for 12.5

Cards 165

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PYMNTS

MARCH 12, 2020

Providers serving a wide array of businesses have access to more card or customer data than individual merchants, meaning they may be more able to flag individuals showing signs of fraudulent or unusual behavior. . Fraudsters can use fake IDs and stolen cards to place orders and quickly make off with items before retailers catch on.

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PYMNTS

DECEMBER 29, 2020

Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A recent study even estimates that shoppers could ultimately shift $100 billion worth of annual spending from credit cards to debit cards.

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PYMNTS

OCTOBER 15, 2019

Data from more than 26 million credit and debit cards was stolen from BriansClub, an underground marketplace for stolen credit card information, KrebsOnSecurity reported Tuesday (Oct. According to the leaked data, card information for sale on BriansClub showed a steady increase of inventory. million card records for sale.

Cards 122

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PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. Based on the company’s current analysis, the breach impacted about 100 million individuals in the United States and around 6 million in Canada.

Cards 116

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PYMNTS

APRIL 9, 2019

An issuer suspects a card has been compromised, or a consumer remembers that their debit card is in their jacket pocket only after leaving it at the cleaners. Either way, a card is cancelled and replaced with a new one. In BV’s experience, heavily used cards are replaced 1.7 It happens.

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Perficient

JUNE 3, 2020

Ransomware has become one of the most common and lucrative forms of malware, recently eclipsing even credit card theft incidents. How Splunk Can Help: Splunk makes it easy to securely collect all Windows data, such as logs, performance monitoring and sysinternals in real-time. Integrate Splunk with other security tools.

Security 332

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PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. QuickBooks Adds Card Payment Support.

Cards 130

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PYMNTS

MARCH 25, 2020

As commercial card innovation expands, service providers continue to target particular pain points for their business cardholders. Together, the companies are rolling out an offering that arms SMBs with commercial cards without the need for a personal guarantee, according to a press release. Archa Collabs With i2c in Australia.

Cards 115

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PYMNTS

DECEMBER 9, 2018

With retailers struggling to get compliant with the Payment Card Industry Data Security Standard , qualified security assessors are going to be in more demand and can offer tokenization as one way of achieving compliance.

Retail 194

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PYMNTS

JUNE 13, 2019

The Drawbacks of Complex Security. Digital IDs can be protected with common protocols, such as two-factor authentication (2FA), frequent password changes and detailed security questions. AI Solutions for Balancing Security and Convenience. Blockchain-Based Security Methods. More than 4.5 billion by 2022.

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PYMNTS

APRIL 1, 2019

Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. KrebsOnSecurity said credit and debit card accounts from Earl Enterprises restaurants were up for sale as of Feb. 21 — but waited until the end of March to reveal it.

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PYMNTS

JULY 24, 2018

linking the platform to fleet cards, according to reports in FleetPoint. ’s first mobile fleet payment app to connect to a fleet card, supporting drivers with mobile payment capabilities and allowing them to pay for fuel without having their physical fleet card in hand. .’s

Cards 100

Cards Mobile Payments Analysis 100

Payments Source

DECEMBER 14, 2017

Due to new and advanced analytical and analysis practices such as shopping behavior analysis, customer data, including credit card info, now travels to different teams within the organization, multiplying the opportunities for data leakage and exposure, writes Yo Delmar, vice president of GRC Solutions at MetricStream.

Data 62

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PYMNTS

NOVEMBER 16, 2020

Securities and Exchange Commission issues a dire fraud warning. Securities and Exchange Commission in October alone as the SEC warns that cyberattacks against corporations are on the rise. 155 percent more cases of invoice and payment fraud hit organizations from Q2 to Q3 , the latest analysis from Abnormal Security has found.

Fraud 242

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PYMNTS

APRIL 10, 2017

An Inspector General (IG) report into the United States Postal Service’s (USPS) use of fleet cards has turned up some questionable practices and millions of dollars of questionable transactions, reports Friday (April 7) said. The report, which explored USPS fleet card use across the eastern area of the U.S., ” .

Cards 100

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PYMNTS

MAY 17, 2017

Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. But depending on how the commercial card is used, these figures vary greatly.

Cards 108

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PYMNTS

JULY 1, 2020

A strategy that is “multi-layered” that makes use of manual and digital information analysis provides the best odds of organizations discovering and alleviating fraud caused by synthetics, according to the Fed’s “Mitigating Synthetic Identity Fraud In The U.S. Payment System” report. .

Fraud 190

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PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. FICO’s Take on Debit Security.

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PYMNTS

JUNE 23, 2017

Alternative lending platform Validus is deploying Visa virtual card technology to help small and medium-sized enterprises in Singapore with unpaid invoices access working capital, according to an announcement Thursday (June 22). According to Goel, those funds are then provided to SMEs via a Visa virtual commercial card.

Cards 139

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PYMNTS

MAY 29, 2020

This month’s Deep Dive examines how fraudsters perpetrate cross-channel schemes and why FIs are using strategies like link analysis and behavioral analysis to detect and stop such crimes. ML-enhanced solutions offer robust and rapid analysis to power these behavioral assessments. How Fraudsters Go Omnichannel. Fraud cost U.S.

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PYMNTS

MAY 4, 2017

The payroll card industry is far from immune to controversy. Especially in recent years, regulators have eyed the space amid waves of criticism over high fees associated with the cards or a lack of education given to employees about the payroll tool. million employees receiving wages on payroll cards as of 2016 (compared with just 5.5

Cards 100

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PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. Could this be a case of good intentions gone awry? Time will tell.

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PYMNTS

AUGUST 15, 2019

That can lead to confusion and misunderstandings, with the latest analysis from Ekata revealing 25 percent of merchants across the European Union unaware of the upcoming SCA requirements. As the PSD2 Tracker notes, card issuers have the final say in deciding which transactions are exempt. explained, the U.K.

Payments 122

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PYMNTS

JULY 24, 2020

Criminals can then use these identities to open bank and credit union accounts, secure loans and ultimately vanish without ever repaying. The credit card company is using advanced analytics tools to examine data on millions of card applicants and fraud incidents to help determine patterns that could better indicate risk.

Fraud 183

Fraud Report Analysis Security 183

Independent Banker

FEBRUARY 16, 2015

prepaid and payroll cards), funds transfers (domestic and international), services to third-party payments processors, remittance activity, high volumes of Automated Clearing House transactions and heavy usage of ATMs for cash withdrawals. Examples include electronic funds payments services such as electronic cash (e.g.,

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PYMNTS

JUNE 1, 2016

The company, founded within Paris-based startup studio eFounders, allows corporate managers to create physical or virtual commercial cards for employee spend; the tool then provides a platform for professionals to manage the activity on those cards and assess expenses.

Software 100

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PYMNTS

APRIL 12, 2016

The virtual card has gained attention in recent years for its ability to not only digitize corporate payments but to safeguard them, often coming in the form of a one-time-use card number designated for a specific purchase category and value. Nonprofits are well-positioned to benefit from virtual credit cards,” the report concluded.

Cards 100

Cards Tools Fraud Payments 100

PYMNTS

JANUARY 14, 2021

Fraudsters are deploying strategies, such as credit card theft and false chargebacks, to capitalize on online marketplaces’ security vulnerabilities, and merchants are scrambling to anticipate and counter fraudsters’ emerging schemes. The secret sauce to preventing fraud year-round is diversification, Brendel said.

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PYMNTS

FEBRUARY 2, 2017

Sift Science has just released its latest research on how businesses combat security threats, and its report, published last week, offers insight into how the issue of cybersecurity takes many shapes within the enterprise. As outlined in another report released recently, payments fraud isn’t the only issue troubling businesses today.

Fraud 100

Fraud Security Payments Survey 100

PYMNTS

MAY 27, 2020

Many retailers have shifted to offering curbside pickup and delivery services during the COVID-19 pandemic and are seeing an upswell of card-not-present (CNP) transactions to pay for these. Keeping channels secure and convenient requires FIs to be able to detect and thwart fraud, without accidentally sweeping up legitimate customers.

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PYMNTS

JUNE 27, 2017

Cross-border payments platform Currencycloud and Hyundai Card, South Korea’s digital pioneer company, recently announced an exclusive partnership to enable the launch of Korea’s first mobile remittance service provided by a credit company. The service launches soon and will be available through Hyundai Card’s Global Remittance application.

Cards 100

Cards Mobile Digital Strategies Fintech 100

Gonzobanker

SEPTEMBER 21, 2023

NYMBUS secured Series D financing (led by Insight Partners), partnered with Hurdlr for small business banking; with Atty Bank, Saint Louis Bank ’s legal community bank; and with Roger, Citizens Bank of Edmond ’s military niche bank. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

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PYMNTS

MARCH 6, 2018

After its point of sale (POS) systems were reportedly affected by malware designed to capture credit card information, RMH Franchise Holdings is warning that its Applebee’s restaurants in 15 states suffered a data breach. The company said all its 167 locations were impacted, Bank Info Security reported. “In

Data 141

Data Security Cards System 141

Abrigo

SEPTEMBER 20, 2023

Given the current economic climate in the United States, it is essential to understand the effect personal financial security has on 1 st -party fraud. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. The scam here is an inside job, making it inherently more elusive.

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PYMNTS

NOVEMBER 12, 2020

“Joining forces with INFORM, we help our customers speed up the adoption of strong customer authentication for safer online purchases,” Gabriele Boni, global service line cards director at SIA, said in a statement on Thursday (Nov. The initiative will be powered by INFORM’s RiskShield, an advanced risk evaluation solution.

Payments 165

Payments Compliance Fraud User Experience 165

PYMNTS

JANUARY 27, 2020

New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients. The Business Email Compromise (BEC) continues to evolve.

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